Djezzy overstates its customer database by 1.4m due to glitch

2 Jul 2013

Algerian cellco Djezzy, majority owned by Egypt-based Orascom Telecom Holding (OTH), has admitted to overstating its customer database with nearly 1.4 million subscriptions due to a glitch in its IT system, Cellular News reports. According to the company’s financial results for the first quarter of 2013, the customer database attributed to Djezzy totalled 17.93 million at the end of March 2013, although the actual number of subscribers should have been around 16.6 million. In its statement, Djezzy’s parent company Orascom said that the IT glitch was discovered during a review of the group’s IT system, and an investigation is still underway to assess the full impact of the problem. However, the company highlighted that Djezzy’s financial statements won’t be affected by the IT problem.